KN to Host Investor Webinar on Q2 2025 Financial Results

• KN investor conference webinar on Aug 22nd, 2025, at 9:00 am (EET) • Hosted by CFO Tomas Tumėnas • Presentation on H1 2025 performance and unaudited financial results • Register via link: https://nasdaq.zoom.us/webinar/register/WN_K3ClwR29Rj-Ot8F6HYIIUg • Webinar will be recorded and available online

Kenmare Resources plc, a leading global producer of titanium minerals and zircon, has published its Half-Yearly Financial Report for the six-month period ended 30 June 2025. The report, released on 20 August 2025, provides insights into the company's financial performance and interim dividend announcement.

Key Financial Highlights

- Mineral Product Revenue: Kenmare generated $159.6 million in mineral product revenue during H1 2025, a 3% year-on-year (YoY) increase, driven by stronger shipments and a higher value product mix [1].
- Adjusted EBITDA: Adjusted EBITDA for H1 2025 was $47.2 million, representing a 30% margin. This is a 25% YoY decrease, primarily due to higher operating costs [1].
- Interim Dividend: Kenmare has recommended a 2025 interim dividend of USc10 per share [1].
- Net Debt: At the end of H1 2025, net debt stood at $85.1 million, including cash and cash equivalents of $46.5 million. The company retains significant financial flexibility with $70 million of undrawn Revolving Credit Facility [1].

Operational Performance

- Production: Total finished product production in H1 2025 was 500,800 tonnes, a 2% YoY increase. Heavy Mineral Concentrate (HMC) production was 670,600 tonnes, up 2% YoY [1].
- Sustainability: Kenmare continued to make strong progress on various sustainability objectives, including reducing greenhouse gas emissions and waste management. The company also commenced a biodiesel pilot to further reduce carbon emissions [1].
- Implementation Agreement: Kenmare is in negotiations with the Government of Mozambique regarding the renewal of the Moma Implementation Agreement. The company remains hopeful of a successful conclusion but reserves the right to safeguard its contractual entitlements [1].

Future Outlook

Kenmare is on track to achieve its 2025 production and cost guidance. The company is progressing an opportunity to supplement shipping capacity by renting a third transshipment vessel for the coming months. The Wet Concentrator Plant A upgrade project is advancing well, with commissioning expected to begin in Q3 2025 [1].

Investor Conference

Kenmare will host a conference call and webcast for analysts, institutional investors, and media on 22 August 2025 at 9:00 am EET. The webinar will be hosted by CFO Tomas Tumėnas and will focus on H1 2025 performance and unaudited financial results. To register, please visit [https://nasdaq.zoom.us/webinar/register/WN_K3ClwR29Rj-Ot8F6HYIIUg](https://nasdaq.zoom.us/webinar/register/WN_K3ClwR29Rj-Ot8F6HYIIUg) [2].

References

[1] https://www.globenewswire.com/news-release/2025/08/20/3136134/0/en/Half-Yearly-Financial-Report-for-the-six-months-to-30-June-2025-and-interim-dividend.html
[2] https://nasdaq.zoom.us/webinar/register/WN_K3ClwR29Rj-Ot8F6HYIIUg